On The Wire: Today's Top Stories In Finance & Tech

Your daily briefing of some of the most important stories from the crypto, finance, and tech space.

The daily news roundup from REX Wire

Welcome to your daily briefing, where we bring you stories from the forefront of finance, technology, and market analysis, sent directly to your inbox.

In today's roundup, we look at how AI is being used to create audio fakes to influence elections. Tesla's sales growth is slowing. AI and crypto mining are set to double data center energy use in just three years. And Craig Wright may finally be about to get his comeuppance in court.


Audio Deepfakes: The New Frontier In Election Disinformation

Audio deepfakes are increasingly used in elections to spread misinformation. Advanced AI tools from companies like ElevenLabs and Microsoft's VALL-E enable the creation of convincing voice clones. This trend poses significant challenges for detection and regulation, with major implications for political campaigns and public awareness.

Audio Deepfakes: The New Frontier In Election Disinformation
Audio deepfakes are becoming a key tool in election disinformation, with AI technologies enabling realistic voice clones.

Tesla's Sales Growth Outlook Dims Amid Market Challenges

Tesla projects a decrease in sales growth for 2024, citing consumer demand and competition concerns. The EV maker reported a 3% revenue increase to $25.2 billion in Q4 2023, its slowest in years. Global EV market growth slows as competition intensifies, with Tesla focusing on a new, affordable model for 2025.

Tesla’s Sales Growth Outlook Dims Amid Market Challenges
Tesla anticipates slower sales growth in 2024 amid market challenges, focusing on launching a new model in 2025.

Microsoft Teams Launches 3D And VR Meetings

Microsoft Teams now features 3D and VR meetings through Microsoft Mesh integration. The update allows virtual gatherings with spatial audio and customizable environments, optimized for Meta's Quest VR headsets. Questions remain about its widespread adoption in business despite current use by companies like Accenture and BP.

Microsoft Teams Launches 3D And VR Meetings
Microsoft Teams introduces immersive 3D and VR meetings, leveraging Microsoft Mesh for virtual collaboration.

AI And Crypto Mining Escalate Data Center Energy Use

The IEA report reveals a surge in data center energy consumption, driven by AI and cryptocurrencies. By 2026, usage could reach 1,050 TWh, doubling current levels. This rise poses environmental challenges and pressures power grids, underscoring the need for increased renewable energy and efficiency.

AI And Crypto Mining Escalate Data Center Energy Use
Data centers’ energy use skyrockets due to AI and crypto mining, forecast to double electricity consumption by 2026.

Bitwise ETF Overcollateralized As Community Send Sats

Having published their Bitcoin address in the name of transparency, Bitwise have started receiving unsolicited donations from the community, including meme amounts of satoshis and Ordinals.

Bitwise ETF Overcollateralized As Community Send Sats
Bitwise have published their ETF’s Bitcoin address. Naturally, people are sending them sats - and more.

The Gold Standard Era: A Monetary Perspective

The gold standard, linking currency to gold, shaped global finance from the 19th to the mid-20th century. It provided stability but limited economic flexibility, leading to its decline. Switzerland was the last to sever this link in 2000, marking the end of the era.

The Gold Standard Era: A Monetary Perspective
The gold standard was a global monetary system linking currencies to gold, ultimately abandoned for fiat currencies.

Walls Close In On "Satoshi" In COPA Trial

Craig Wright has been found to have faked key evidence yet again. He has offered a settlement to the defendants, but given the strings attached, they're not interested.

Walls Close In On “Satoshi” In COPA Trial
Wright was found to have faked large amounts of evidence, including early versions of the Bitcoin white paper.

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